{"id":8824,"date":"2014-03-31T12:00:24","date_gmt":"2014-03-31T03:00:24","guid":{"rendered":"https:\/\/www.btbpress.com\/?p=8824"},"modified":"2018-01-31T10:58:23","modified_gmt":"2018-01-30T21:58:23","slug":"have-you-been-shopping","status":"publish","type":"post","link":"https:\/\/www.btbpress.com\/ja\/have-you-been-shopping\/","title":{"rendered":"Have you been shopping?"},"content":{"rendered":"

[wpaudio url=”https:\/\/www.btbpress.com\/wp-content\/uploads\/2014\/03\/Have-you-been-shopping.mp3″ text=”Click to listen”]
\nAs you all know, consumption tax will go up tomorrow from 5% to 8%. I read a\u00a0story<\/a>\u00a0this morning about how everyone was out shopping at the weekend in a rush to stock up.<!–more–><\/p>\n

Speaking from my own experience, I was in the new Costco in Tokoname twice last week because I needed to buy a lot of things for my new house, and it was absolutely packed on both days. The first time was a Sunday, so I wasn’t too surprised, but the second time was a weekday. I asked one of the staff if they were always so busy, and he said that it was particularly crowded because of the tax rise, so I guess the news story was true, at least for Costco.<\/p>\n

As you probably know, Japan’s sales tax is really low compared to other countries. In Britain, for example, it is 20%, although you don’t have to pay it on essentials like food and children’s clothes.<\/p>\n

The problem in Japan is that people are struggling with rising prices and static salaries. The last time the tax was raised from 3% to 5%, it led to an economic slump that lasted for years, and many people (including me) think that the same thing will happen again.<\/p>\n

Mind you, I have heard a lot of people say that the tax increase might actually cause prices to fall as retailers will be forced to cut their prices in order to attract shoppers. Let’s hope that is what happens.<\/p>\n

I know we have discussed this topic before, but what I would like to know this week is whether you have been out shopping because of the tax rise. Has anyone bought a “big-ticket” item like furniture, household appliances, or a car? If not, have you been stocking up on cheaper items?<\/p>\n

Look forward to hearing your thoughts.<\/p>\n

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